China Opens Door to New Zealand's a2 Milk Company

TODAY: July 22, 2014 PUB DATE: July 22, 2014

WELLINGTON, New Zealand--New Zealand dairy firms are gradually being allowed to sell baby formula in China again following a clampdown that saw hundreds of brands shut out of the market earlier this year. a2 Milk Company Ltd., which specializes in ...

China PBOC Skips Open Market Operations

TODAY: July 22, 2014 PUB DATE: July 22, 2014

SHANGHAI--China's central bank skipped Tuesday's open-market operations, likely to keep a cap on liquidity in anticipation of several initial public offering launches, participating traders said. The central bank injected a net 17 billion yuan ($2.7 billion) in last week's operation, ...

MARKET SNAPSHOT: U.S. Stocks Open Higher; CPI In Line With Forecasts

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Anora Mahmudova and Sara Sjolin, MarketWatch NEW YORK (MarketWatch) -- The U.S. stock market opened higher, as investors digested second-quarter results comingin through thick and fast. The S&P; 500 (SPX) opened 8 points, or 0.4%, higher at 1,981.66, led ...

Hungary Cuts Key Rate Deeper Than Expected

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Margit Feher BUDAPEST--Bringing its easing cycle to a full two years, Hungary's central bank cut Tuesday its main interest rate deeper than expected to a new record low to help the government propel the recovery. Following the inflation index's ...

Slowing Decline in Italian Lending Offers Glimmer of Hope

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Giovanni Legorano MILAN--Italian bank loans continued declining in June, but at the slowest pace since March last year, a rare piece of good news for the battered Italian economy. Italy's banking lobby ABI said that June loans declined by ...

Oil Futures Extend Gains on U.S. Demand, Russia Tensions

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Eric Yep Crude-oil futures extended overnight gains in Asian trading hours Tuesday on indications of stronger U.S. oil demand and as European Union officials mull tighter sanctions against Russia. On the New York Mercantile Exchange, light, sweet crude futures ...

EU Likely to Hit Russia With Fresh Sanctions

TODAY: July 22, 2014 PUB DATE: July 22, 2014

BRUSSELS--European Union foreign-policy chief Catherine Ashton said the bloc would adopt fresh sanctions on Tuesday on those involved in destabilizing Ukraine following the suspected shooting-down of a Malaysia Airlines jetliner by pro-Russian rebels in eastern Ukraine. Speaking on her way ...

Judge Delays Decision on Argentine Bonds

TODAY: July 22, 2014 PUB DATE: July 22, 2014

A U.S. District Judge said in a hearing Tuesday that he will decide at a later time whether holders of Argentina's restructured bonds governed by Argentine, Japanese and U.K. law can receive their interest payments. Argentina on June 26 deposited ...

Putin: Russia Will Press Rebels to Help Probe

TODAY: July 22, 2014 PUB DATE: July 22, 2014

MOSCOW--President Vladimir Putin said Tuesday that Russia will press separatists in eastern Ukraine to assist the investigation into the downing of Malaysia Airlines Flight 17, but he offered little sign of changing course on the conflict in Ukraine in the ...

Europe Markets Rise But Russia Remains In Focus

TODAY: July 22, 2014 PUB DATE: July 22, 2014

Mounting tensions between Russia and the West continued to dominate the mood across European markets Tuesday, though stocks rebounded from Monday's lows. Russia's Micex index was able to claw back some of its recent losses, rising 2.4%. The dollar-traded RTS ...

Yen Weakens Against Rivals as Geopolitical Concerns Recede

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Hiroyuki Kachi The yen weakened against its rivals in otherwise directionless Asian trade Tuesday, with investors taking a breather from geopolitical developments in eastern Ukraine and Gaza, and instead returning their focus to economic indicators coming out this week. ...

CURRENCIES: Yen Weakens Against Rivals As Global Worries Fade

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Hiroyuki Kachi The yen weakened against its rivals in otherwise directionless Asian trade Tuesday, with investors taking a breather from geopolitical developments in eastern Ukraine and Gaza, and instead returning their focus to economic indicators coming out this week. ...

Saab Completes Acquisition of Submarine Builder

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Dominic Chopping STOCKHOLM--Swedish defense company Saab AB (SAAB-B.SK) said Tuesday it has completed its acquisition of Swedish shipyard Thyssen Krupp Marine Systems AB (TKMS AB formerly Kockums). The business unit will be called Saab Kockums and it expects operations ...

U.S. Consumer Prices Rose 0.3% in June

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Ben Leubsdorf and Sarah Portlock WASHINGTON--Consumer prices continued to rise in June but at a slower pace and driven largely by a spike in the cost of gasoline, the latest evidence of firming inflationary pressures across the U.S. economy. ...

Dollar Rises After U.S. Inflation Data

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By James Ramage The dollar gained against the euro on Tuesday after the U.S. reported a rise in consumer prices in June, raising speculation about the timing of the Federal Reserve's increase in interest rates. The euro dropped to its ...

U.S. Existing-Home Sales Hit Highest Level Since October

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Josh Mitchell and Alan Zibel WASHINGTON--A broad measure of U.S. home sales climbed for the third consecutive month in June, a sign the housing market is gaining steam after a months-long slump. Sales of existing homes rose 2.6% to ...